iLounge

By Charles Starrett

Senior Editor, iLounge
Published: Tuesday, October 18, 2011
News Category: Apple, iPad, iPhone, iPod

Reporting its fourth quarter 2011 financial results today, Apple said it sold 6.62 million iPods during the quarter—a 27 percent decrease compared to the same quarter last year. Apple sold 17.07 million iPhones in the quarter, a 21 percent increase year-over-year, and down slightly from the 20.34 million units sold in the third quarter. Apple also sold 11.12 million iPads during the quarter, up 166 percent from 4.19 million units in the year-ago quarter. The unit sales of iPhones, iPods, and iPads bring the cumulative unit sales for the three device categories to 145.96 million, 321.18 million, and 39.85 million, respectively. The company posted revenue of $28.27 billion and net quarterly profit of $6.62 billion, or $7.05 per diluted share, compared with revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in Q4 2010.

“We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion,” said Tim Cook, Apple’s CEO. “Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.”

“We are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about $37 billion and we expect diluted earnings per share of about $9.30.”